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A transparent foreclosure marketplace reveals hidden equity

Housing Wire

billion in potential home equity has been uncovered for distressed homeowners facing foreclosure. billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. 36,000 Surplus per Sale. Over the past five years, more than $1.2

Equity 459
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What’s a Short Sale in Real Estate? This FAQ Sheet Breaks Down the Basics

HomeLight

In the midst of these financial straits, there may be a slightly better option: a short sale. But what is a short sale, and is it the right route for you? Weve broken out the most common questions about short sales to help you make a more informed decision about your next steps. What is a short sale?

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How online auctions deliver on the promise of pre-foreclosure sales

Housing Wire

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. More than 1.7

Sales 435
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Home equity won’t be enough to prevent foreclosure for some

Housing Wire

Despite record-high home prices, home equity may not save some borrowers in forbearance from foreclosure, according to a Black Knight ’s report published Monday. Since 2010, around 10% of borrowers with more than 120 days in delinquency were referred to foreclosure, regardless of their equity. mortgage holders.

Equity 305
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Pandemic may lead to foreclosure crisis, CoreLogic says

Housing Wire

Not only could millions of families potentially lose their home, through a short sale or foreclosure, but this also could create downward pressure on home prices – and consequently home equity – as distressed sales are pushed back into the for-sale market,” the report said. Currently, about 3.6

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How a transparent marketplace provides a proven path to benefit homeowners

Housing Wire

Walking that thin line is becoming increasingly important as more distressed sales are pushed up-funnel into the pre-foreclosure marketplace — a trend that began developing about 10 years ago and has accelerated in earnest over the last two years. Those dangers can be found in recent headlines from the New York Times and ProPublica.

MLS 435
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Why a Wave of Foreclosures Is Not on the Way

Keeping Current Matters

million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. Most of the mortgages in forbearance have enough equity to sell their homes. million homeowners currently in forbearance, 93% have at least 10% equity in their homes. After the last housing crash, about 9.3